Cargill

ARTICLES ABOUT CARGILL BY DATE - PAGE 2

SINGAPORE: Diversified group Cargill India will start operating its $100 million mill in Karnataka by June next year, processing about 800 tonnes of locally sourced corn per day, a top official of the company has said. "We expect to start production from June next year. Construction of the mill started recently," the company's Chairman Siraj Chaudhry told PTI here today on the sidelines of a seminar at the Singapore Management University . The mill is based in the heart of corn growing areas of Karnataka.

PUNE: Cargill India plans a big expansion of its soyabean oil business and maize business in Maharashtra. Davi MacLennan , President and chief executive officer, Cargill Inc sought the necessary co-operation from government of Maharashtra in a meeting at Davos, Switzerland. Maharashtra chief minister Prithviraj Chavan , who is at Davos attending the World Economic Forum , met MacLennan. Maharashtra is the second biggest soyabean producer in India after top producer Madhya Pradesh.

CHANDIGARH: Agro-processing company Cargill India is actively pursuing its investments plans in the state as it looks to set up a state of the art cattle feed plant at Bathinda to cater to three states, including Punjab, Haryana and Rajasthan . Among several other such firms, Cargill India signed a MoU with Punjab government at the recently concluded Progressive Punjab Investors Summit for setting up an ultra-modern cattle...

NEW DELHI: Agriculture giant Cargill India today announced it was ready to establish a Rs 100-crore ultra modern feed plant in the Malwa belt in Punjab. Company's top management conveyed this to Punjab Deputy chief minister Sukhbir Singh Badal during their meeting here. Badal assured of early clearances in setting up of the plant. Cargill Country Head Siraj Chaudhary said the company required some land in the Malwa region for the feed plant which would have a capacity of 75,000 tonnes and would involve an investment of Rs 100 crore.

PUNE: Cargill India is currently exploring alternative ways to get reliable data about sugarcane and sugar production estimates for the country's largest sugar producer , Maharashtra, according to sources. The company had to bear losses in some of its sugar deals due to sugar production going wrong, especially for Maharashtra, said trade sources. "Cargill representatives met us to talk about how to get accurate estimate of sugar production for the state," said a source from Maharashtra government . There was no confirmation from Cargill despite repeated attempts to contact them.

US food giant Cargill's vice-chairman Paul D Conway is not perturbed by the tumbling rupee just as he wasn't too revved up by the "Incredible India" slogan when things were better. In an interview with ET, Conway said he supported the food security bill but was concerned about its implementation. He also supports genetically modified crops. Excerpts: What brings you to India? From the business perspective, it is a very complicated place to do business.

NEW DELHI: Private firms including global players such as Cargill see a huge opportunity in participating in the government's ambitious plan to deliver grains at throw-away prices to two-thirds of India's 1.2 billion people. The food security law, which will be implemented with the help of an ordinance, will also raise grain procurement by state agencies. While this may squeeze private purchases, many traders said there were leakages already in the system, which made sure that grain meant for welfare schemes found its way to the open market.

NEW DELHI: Fair trade regulator CCI has approved US-based food major Cargill's proposed joint venture with ConAgra Foods and CHS Inc in North America, saying that the deal will have no adverse impact on competition in India. Cargill sells food items, including food ingredients and edible oil brands such as Sweekar and NatureFresh, while ConAgra Foods operates in the country through Agro Tech Foods. As per the proposed deal, all the three US-based companies would consolidate their flour milling and other related business in North America, along with that of their respective subsidiaries into a new company called Ardent Mills.

Traders, eyes fixed on their screens, might be forgiven for dreaming of another way to earn a crust. For two such professionals, that vision took the form of a loaf. Tom Molnar, 46, who specialised in trading energy with Cargill Inc, helped create a bakery. Stephen Harrington, who worked in foreign exchange with Trade Development Bank, began more modestly, founding a baking school at his London home. "When I first started trading, it was very stressful and with this it was also very stressful," Molnar, who co-founded Gail's Artisan Bakery, said in an interview.

NEW DELHI: US-based agri-food giant Cargill will invest about Rs 400 crore to set up a corn milling plant in Karnataka, and another Rs 100 crore on expansion of capacity of existing edible oil plants, the Chairman of its India unit said today. Cargill India, a Rs 9,000 crore company and part of nearly $134 billion global group, sells edible oils and vansapati under Nature Fresh , Sweekar, Gemini , Rath and Sunflower Vanaspati brands. The company is also planning to expand refining capacity of its three existing edible oil plants in India with an investment of about Rs 100 crore.